This is PART 2 of "How to Shop for the Best Mortgage Interest Rates Like a PRO" STOP - if you haven't seen PART 1, go to the YouTube channel and start there. Once you've found a set of good lenders, the next is to start rate shopping. The first part of rate shopping is to understand how YOUR loan application impacts mortgage interest rates. In this video, I'll teach you step-by-step on what categories impact YOUR mortgage interest rate. ...

In this quick video, I'll be sharing two things I see too often from clients which are slowing down the mortgage process and pretty much delaying our ability to clear to close and close the mortgage loan quickly. ...

In this 60 second challenge, I'm going to answer the question of "How do I get an Appraisal Waiver?" or "What's an Appraisal Waiver?" ...

Is it possible to get the lowest rate with no points no fees no closing cost? It depends on your situation. For most of the population, this is not accessible through a traditional mortgage lender or broker. ...

“The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” ...

It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? ...

The limit for single-family residential units in most U.S. counties, effective January 1, 2022, will be $647,200. This is an increase of $98,950 from the $548,250 limit this year. For some counties, the High-Balance Conventional Loan limit will be $970,800. ...

With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. ...

One of the most significant advantages of buying a home is the wealth you build through equity. This year alone, homeowners gained a substantial amount of equity, which, in turn, grew their net worth. As a renter, you miss out on this wealth-building tool that can be used to fund your retirement, buy a bigger home, downsize, or even achieve personal goals like paying for an education or starting a new business. ...

Mortgage rates play a significant role in your home search. As rates go up, your monthly mortgage payment increases if you’re buying a home, directly affecting how much you can afford. And even the smallest increase can have a large impact on your monthly payment (see chart below): ...

Some experts thought we’d return to the industry’s normal seasonality this winter with both the number of purchasers and houses available for sale falling off. However, data now shows that neither of those situations will likely occur. Buyer demand is still extremely strong, and it appears we may soon see a somewhat uncharacteristic increase in the number of homes coming to the market. ...

If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting. ...

If rates rise even a half-point percentage over the next year, it will impact what you pay each month over the life of your loan – and that can really add up. So, the reality is, as prices and mortgage rates rise, it will cost more to purchase a home. ...

VA loans offer an extraordinary opportunity for veterans because of lower interest rates, lower monthly payments, no or low down payments, and no private mortgage insurance. ...

This would involve paying off your current home loan with a new home loan that has the same or similar balance. While the monthly savings may or may not be significant ...

Here are five of the most common pitfalls associated with buying a home: House shopping before getting a solid mortgage approval:  low housing inventory in many markets means that you'll be competing with multiple offers when you find a home that you like.   ...